ArmInfo. The Ministry of Economy of Armenia has discussed the potential of attracting highly qualified labor from India. As ArmInfo was informed by the press service of the department, a meeting was held at the Ministry, chaired by Deputy Minister Edgar Zakaryan. In attendance were Deputy Minister of Labor and Social Affairs Ruben Sargsyan, members of the Indian organization NSDC (National Skill Development Corporation) International Limited, as well as representatives of Armenian business organizations and unions.
The Indian side presented the activities of NSDC, highlighting the potential for employing skilled labor in other countries, as well as the challenges that may arise in the process and possible solutions. The interlocutors emphasized the importance of bilateral cooperation and recognized the necessity of developing a policy to attract foreign labor.
Let us recall that at the beginning of 2024, Armen Nurbekyan, the Deputy Chairman of the Central Bank of Armenia, reported that approximately 16,000 labor migrants from India had arrived in Armenia since January 2023. Indian citizens primarily seek employment in the service sector (delivery, taxi) and construction in our country. It is worth noting that the statistics for the most recent reporting period (January-September 2024) do not specify the number of Indian citizens who have registered in Armenia.
Meanwhile, it should be noted that on average, over 300,000 people leave Armenia for Russia annually in search of employment. According to the Statistical Committee of the Republic of Armenia, the unemployment rate in Armenia was 15.5% in the first quarter of 2024, while a year earlier for the same period the unemployment rate was slightly lower - 13.7%. Concurrently, the level of employment in the country has also decreased dropping from 50.9% in the first quarter of 2023 to 48.7% for the current reporting period.
